# tax incentives

China’s Agribusiness Push: Liu Yonghao Urges Tax Breaks and Subsidies to Speed AI Farming

Ahead of China’s Two Sessions, New Hope chairman Liu Yonghao urged the government to accelerate AI adoption in livestock farming through subsidies, tax incentives and coordinated R&D. He showcased company pilots — from AI-driven cold chains delivering same-day fresh milk to robotic meat processing — and warned that data fragmentation and talent shortages must be addressed for widescale uptake.